Over the past few year, factors such as Growing pressure by government authorities with electronic media governance policies have contributed to the development of the Global eDiscovery market.
Undoubtedly, Focus on proactive governance with data analytics and emergence of new content sources
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global eDiscovery market is expected to make a significant contribution, with an estimated market to reach USD18.9 Billion by 2027 growing at a CAGR of 13.8%.
AMA research has engaged in the competitive assessment of China & Global eDiscovery Players for 5 years. The Top 10 Competitive Players in the eDiscovery in 2021 clearly displays the competitive situations of main eDiscovery Playersin 2021. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The Component Type, such as Software, is boosting the eDiscovery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment Type, such as Cloud, is boosting the eDiscovery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Players such as Symantec Corporation (United States), IBM (United States), Xerox Legal Business Services (United States), Exterro (United States), EMC (United States), Epiq Systems (United States), HPE (United States), Kcura Corporation (United States), Accessdata (United States), Deloitte (United Kingdom), DTI Data (United States), Consilio (United States), Kroll Inc. (United States), Zylab (United States), Guidance Software (United States), Integreon (United States), KPMG (Netherlands), FRONTEO (United States), Recommind (United States) and Veritas (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global eDiscovery industry. It is understood that currently domestic eDiscovery players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance. European Union laws (GDPR) is taking important measures to protect data privacy and is expected to impact ~4% of global annual sales.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global eDiscovery market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall eDiscovery market size is calculated using market estimation process, the eDiscovery market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global eDiscovery market size has been validated using both top-down and bottom-up approaches.